The stock of Base Resources Ltd (LON:BSE) is a huge mover today! The stock increased 4.17% or GBX 0.5 on November 10, hitting GBX 12.5. About 80,000 shares traded hands. Base Resources Ltd (LON:BSE) has risen 269.23% since April 12, 2016 and is uptrending. It has outperformed by 263.58% the S&P500.
The move comes after 6 months negative chart setup for the GBX company. It was reported on Nov, 10 by Barchart.com. We have GBX 10.75 PT which if reached, will make LON:BSE worth GBX less.
Base Resources Limited is engaged in the operation of the 100% owned Kwale Mineral Sands Operation in Kenya. The company has a market cap of GBP. The Company’s divisions include other activities and Kwale operations. It currently has negative earnings. The Company’s Kwale Operation is located in Kenya, approximately 50 kilometers south from the port of Mombasa and sells rutile, ilmenite and zircon.
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